OREANDA-NEWS. September 16, 2015. Fitch Ratings has been notified of a proposed collateral manager replacement and appointment of successor collateral manager for Lakeside CDO II Ltd. (Lakeside II).

In September 2015, Fitch was notified that the holders of at least 66 2/3% of the aggregate outstanding amount of the controlling class agreed to the appointment of Dock Street Capital Management LLC. as successor collateral manager to Vanderbilt Capital Advisors, LLC.

Given that Lakeside II is a static pool transaction, at this time, Fitch does not expect the manager replacement to have any impact on the rating of the notes.

Fitch is not a party to the transaction and therefore does not provide consent or approval, as that remains the sole preserve of the transaction parties. Fitch expects to be notified by the trustee when the proposed transfer of asset management responsibilities is completed.

The information used to assess these ratings is from the trustees reports.

Fitch does not rate the preference shares.